Entertainment Trends

Retail sales rose 0.7% in September, much stronger than estimate

  • 📰 CNBC
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Entertainment Entertainment Headlines News

Entertainment Entertainment Latest News,Entertainment Entertainment Headlines

The advanced retail sales report for September was expected to show a gain of 0.3%, according to a Dow Jones estimate.

Consumers showed surprising strength in September, boosting retail sales well above expectations despite high interest rates and worries over a weakening economy.

The numbers are not adjusted for inflation, so they indicate that consumers more than kept up with price increases. The consumer price index, released last week, showed headline inflation up 0.4% in September.Treasury yields moved higher following the report while stock market futures remained in negative territory.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ENTERTAİNMENT

Entertainment Entertainment Latest News, Entertainment Entertainment Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Retail sales rose 0.7% in September, much stronger than estimateThe advanced retail sales report for September was expected to show a gain of 0.3%, according to a Dow Jones estimate.
Source: nbcchicago - 🏆 545. / 51 Read more »